Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Bank of America 2025 Emerging Markets Corporate Conference
32 slides from Grupo Aval Acciones Y Valores Sa's conference presentation, May 2025
Slide 1: Corporate presentation
Corporate presentation May 2025 ADL no es empresa vigilada por la Superintendencia Financiera de Colombia
Slide 2: Disclaimer
Disclaimer Grupo Aval Acciones y Valores S.A. (“Grupo Aval”) is an issuer of securities in Colombia and in the United States (“SEC”). As such, it is subject to compliance with securities regulation in Colombia and applicable U.S. securities regulation. Grupo Aval is also subject to the inspection an
Slide 3: A leading financial conglomerate in Colombia
A leading financial conglomerate in Colombia Key Consolidated Figures (March 25) Panama Principales cifrasPs 329.9 Tn I US$ 78.7 Bn 1 Total assets Ps 431.6 Tn I US$ 102.9 Bn1 1,009 Employees2 Assets under management 19 Branches2 Ps 198.8 Tn I US$ 47.4 Bn1 20 ATM’s2 Gross loans 16 Other points of ser
Slide 4: A story of continuous growth and excellence
A story of continuous growth and excellence Evolution of Grupo Aval’s unconsolidated assets Figures in Ps. billion Grupo Aval’s NYSE IPO Preferred stock 27,576 25,575 IFRS BAC issuance Adoption Spin-off 21,076 20,940 20,037 18,897 17,864 BAC acquisition 8,562 2,735 1999 2000 2001 2002 2003 2004 2005
Slide 5: +50 years generating conscious progress throughout Colombia
Leveraged on organic and inorganic growth +50 years generating conscious progress throughout Colombia v 1971 - 1991 - 1991 - 1997 - 1998 - 2000 - 2010 - 2012 - 2014 - 2019 - 2021 - 2025 1972 1998 1994 1999 1999 2007 2011 2013 2018 2020 2024 Acquisitions Acquisition of Entrance to Privatization Grupo
Slide 6: Acquiring controlling stakes in our main subsidiaries
Acquiring controlling stakes in our main subsidiaries 68.9% 72.3% 93.7% 79.9% 8.7% 40.8% 94.5% 70% (1) Total Shares Owner Grupo Aval 20.0% Banco de Bogotá 99.6% 34.7% 46.9% (2) 22.8% Banco de Occidente 4.2% 33.1% (3) 7.9% Banco Popular 5.2% 25.8% Corfi 5.5% (4) 30.0% Total 99.6% 52.8% 100% 97.3% 100
Slide 7: Generating value through main operating segments
Generating value through 3 main operating segments Banking services Commercial Banking Financial Services Strategic Focus Corporate Medium enterprises Segments SMEs and very small businesses Government Affluent Mass consumer market Silver economy and public employees Merchant Pension and severance f
Slide 8: Grupo Aval's strategy is built around seven strategic pillars under a driving purpose
Grupo Aval's strategy is built around seven strategic pillars under a driving purpose Purpose: “Partnering with Colombia to create conscientious progress” Integral risk management 8
Slide 9: Looking into 2025 our strategy will focus on six corporate priorities
Looking into 2025 our strategy will focus on six corporate priorities Customer experience 1 Client-centric culture to improve customer satisfaction. Financial Improve retail deposits, reduce interest rate risk, diversification 2 and increase non-banking fee revenue. Synergies and Capture benefits of
Slide 10: A leading financial conglomerate in Colombia
A leading financial conglomerate in Colombia Figures as March 31st, 2025 Market Share Complete suite of banking and non-banking products offered ▪ 25.2% in gross loans ▪ 27.3% in corporate lending ▪ 25.6% in deposits ▪ 27.9% in medium enterprises ▪ 26.8% in commercial loans ▪ 43.4% in payroll lendin
Slide 11: With a focus on innovation, leveraged by a customer-centric digital transformation strategy
With a focus on innovation, leveraged by a customer-centric digital transformation strategy Channels Customer- centric strategy Ecosystems Accompany our customer’s journey with financial and Digital Sales (# of products) 52%1 digital sales ratio Omnichannel non-financial products experience Centrali
Slide 12: Merging digital innovation and social impact
Merging digital innovation and social impact Features and benefits +3 ,7 M Customers Free and instant interoperable transfers to any other bank or wallet Remittances reception Instant and free to the receptor from 45 countries Interoperable NFC and QR Payroll reception Starting from age 12 payments
Slide 13: With visible impacts on the environment and social value creation (1/3)
With visible impacts on the environment and social value creation (1/3) 65 score 78 score 80 score 49 score +16 pts vs 2023 Top 15% Top 10% Sustainable loans reached Social $23,1 trillion COP Solutions: water, energy, food, communication ↓ Employees Business plan for Environment +70,000 +21.000 peop
Slide 14: With visible impacts on the environment and social value creation (2/3)
With visible impacts on the environment and social value creation (2/3) Governance Environmental Strategy ENERGY CONSUMPTION Composition of Boards of Directors Banco Popular, in alliance with Promigas, launched a solar energy Energy consumption [MWh] Non-renewable MWh [2024] Participation Independen
Slide 15: With visible impacts on the environment and social value creation (3/3)
With visible impacts on the environment and social value creation (3/3) Governance ESG AWARDS AND RECOGNITIONS Board of Directors’ POLICIES: Committees: • Sustainable Policy. • Grupo Aval - Included in the list of 25 leading companies in sustainability. • ESG • Human Rights Policy. • IT • Board of D
Slide 16: With a diversified loan portfolio and deposits base
With a diversified loan portfolio and deposits base Figures inen Cifras Ps.billones Trillionde pesos FY25 Loan growth guidance: Gross loans 9.0% area Gross loans Consumer loans Commercial loans 7.0% area 5.4% Retail loans 11.0% area 188.6 193.2 0.3 194.5 199.4 198.8 Mix LTM Δ % 22.0 11.6% 21.8% Mort
Slide 17: Recovering NIM components across segments
Recovering NIM components across segments 4.29% 4.28% 4.20% 4.40% 4.41% FY23 FY24 FY25 Guidance 3.89% 3.36% 3.42% 3.48% 2.84% Consolidated 2.76% NIM 3.44% 3.37% 4.0% área 0.31% -0.23% 0.21% NIM on loans 4.01% 4.30% 4.5% area -2.61% NIM on 1.18% -0.01% N.D. investments 1Q24 2Q24 3Q24 4Q24 1Q25 NIM NI
Slide 18: On the back of a recovery in NIM on retail loans
On the back of a recovery in NIM on retail loans 5.64% 5.83% 5.30% 5.08% 4.87% FY23 FY24 Consolidated NIM on 3.85% 3.63% commercial loans 3.87% NIM on retail loans 4.21% 5.21% 3.70% 3.50% 3.36% 3.41% 1Q24 2Q24 3Q24 4Q24 1Q25 NIM on commercial loans NIM on retail loans 6.30% 6.42% Banking segment 6.0
Slide 19: And favorable asset quality trends in the loan portfolio
And favorable asset quality trends in the loan portfolio PDLS +30 & PDLS +90 Asset quality measured by stages Cost of risk, net Stage 1 Stage 2 Stage 3 30 PDLs 90 PDLs Coverage stage 2 & stage 3 38.0% 37.4% 36.5% 140.0% 35.4% 40.0% 33.3% Gross loans 120.0% 35.0% 5.9% 5.8% 5.8% 5.3% 6.7% 6.3% 5.2% 7.
Slide 20: Reflected on a recovery of risk adjusted NIM on loans
Reflected on a recovery of risk adjusted NIM on loans Grupo Aval Banking segment 3.1% 2.9% 2.9% 3.0% 2.9% 2.6% 2.9% 2.3% 2.4% 2.2% 2.2% 2.1% 1.9% 2.0% 1.8% 1.4% 2.1% 2.0% 1.9% 1.8% CoR, net NIM on loans - CoR, net 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 CoR, net NIM on loans - CoR, net FY2
Slide 21: With stable OPEX metrics
With stable OPEX metrics Figures in Ps. Billions Total other expenses Cost to assets (1) ∆ FY24 vs FY23: 3.7% FY23: 2.8% | FY24: 2.7% | FY25 Guidance: 2.75% area 2,378 2,254 2,095 2,114 2,065 187 2.9% 189 2.8% 2.7% 2.7% 173 177 2.6% 176 1,262 1,162 1,089 1,122 1,000 769 815 837 831 791 64 25 73 91 7
Slide 22: With diversified revenues from non-banking fees and non-financial sector income (1/3)
With diversified revenues from non-banking fees and non-financial sector income (1 I 3) Figures in Ps. Billions Gross fee income Non- financial sector ∆ FY24 vs FY23: 6.0% ∆ FY24 vs FY23: -23.0% 1,127 1,153 1,147 1,190 1,197 44 46 46 48 680 46 823 282 290 292 311 320 20 622 523 509 8 19 119 128 130
Slide 23: With diversified revenues from non-banking fees and non-financial sector income (2/3)
With diversified revenues from non-banking fees and non-financial sector income (2 I 3) Figures in Ps. Trillion; at March 31, 2025 AUMs evolution Porvenir 12.3% 2.7% 235.8 242.1 215.5 222.0 234.6 6.9 6.2 6.8 5.9 6.1 Assets under management 13.3 12.2 11.6 10.8 15.1 3% 196.3 203.8 216.8 218.2 220.1 6%
Slide 24: With diversified revenues from non-banking fees and non-financial sector income (3/3)
With diversified revenues from non-banking fees and non-financial sector income (3 I 3) Figures in Ps. Trillion; at March 31, 2025 AUMs evolution Trust & fiduciary management services -0.1% 2.2% 189.6 186.6 191.4 185.5 189.5 26.2 22.2 22.9 19.4 19.6 25.3 25.7 26.7 26.7 26.7 Assets under management 2
Slide 25: Profitability has recovered on the back of key business metrics
Profitability has recovered on the back of key business metrics Figures in Ps. Billion Net income attributable to controlling interest FY 2023 FY 2024 425 416 362 281 739 1,015 166 204 65 83 114 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 EPS 17.9 7.0 2.7 3.5 4.8 8.6 17.5 11.8 15.2 31.1 42.8 1.4% 0
Slide 26: Supported on a sound capital structure
Supported on a sound capital structure Ps 150 billion of subordinated Separate basis US$ 175 million of subordinated Ps 250 billion of subordinated bonds (Tier II) issued during May-24 bonds (Tier II) issued during Oct-23 bonds (Tier II) issued during Sep-24 17.4% 17.6% 18.0% 18.8% 17.7% 2.7% 2.9% 2
Slide 27: Grupo Aval's debt profile and total assets (combined figures)
Grupo Aval’s debt profile and total assets (combined figures)* Asset composition (March 31, 2025) Maturity schedule of our combined gross debt Figures in Ps. Billion Cash and equivalents 527 4,192 Fixed income investments 135 Loans 336 Investments in AT1 instruments 2,191 Bonds 5,392 Senior Loans to
Slide 28: Investor Relations contacts
Investor Relations contacts Investorrelations@grupoaval.com Nicolás Noreña Trujillo Sénior Manager of Strategic Planning & IR Tel: (601) 7433222 x 23400 nnorena@grupoaval.com Simón Franky Director of Financial Planning & IR Tel: (601) 7433222 x 23351 sfranky@grupoaval.com v
Slide 29: Consolidated Financial Statements (1 | 2)
Grupo Aval Acciones y Valores S.A. – Consolidated Financial Statements (1 | 2) Figures in Ps. Billions ∆ Consolidated Statement of Financial Position 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 1Q25 vs. 1Q25 vs. 1Q24 4Q24 Cash and cash equivalents 18,597.86 18,568.30 19,296.30 19,151.92 16,998.86 19,138.44 3.07%
Slide 30: Consolidated Financial Statements (2 | 2)
Grupo Aval Acciones y Valores S.A. – Consolidated Financial Statements (2 | 2) Figures in Ps. Billions Δ Consolidated Statement of income 2023 2024 1Q24 4Q24 1Q25 1Q25 vs. 1Q25 vs. 2024 vs. 2023 4Q24 1Q24 Total interest income 28,919.40 28,181.93 -2.55% 7,236.19 6,832.90 6,590.99 -3.54% -8.92% Total
Slide 31: Grupo Aval's debt profile and total assets (combined figures)
Grupo Aval’s debt profile and total assets (combined figures)* Asset composition (March 31, 2025) Maturity schedule of our combined gross debt Figures in Ps. Billion Cash and equivalents 527 4,192 Fixed income investments 135 Investments in AT1 instruments 2,191 Senior Loans to related parties 1,137
Slide 32: Profitability has recovered on the back of key business metrics
Profitability has recovered on the back of key business metrics Figures in Ps. Billion Net income attributable to controlling interest FY 2023 FY 2024 416 362 281 739 1,015 166 204 65 83 114 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 EPS 7.0 2.7 3.5 4.8 8.6 17.5 11.8 15.2 31.1 42.8 0.9% 1.0% 0.6% 0.6%
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